Lido Learning raised Rs 10.93 Cr from Oracle Insurance Services, Global Angel Investors

Edtech startup Lido Learning raised Rs 10.93 Cr funding from six investors, including Oracle Insurance Services.

In exchange, the company has allotted 15,290 Series Seed 1 Compulsorily Convertible Preference Shares (CCPS) of face value INR 20 each at a premium of INR 2,188.14 pee share at an issue price of INR 2,208.14.

Lido Learning would use this funding to expand its product offering and venture into the international market. The company is also looking to strengthen its Tier II and III presence.

Lido Learning was founded to offer year-long online tutorials in math and science for students of class 5 to 9. The company enables students to connect online with live teachers who offer math and science tutorials. The company has also launched coding classes for kids as well, along with English lessons.

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